Foreign direct investment (FDI) has been a major driving force behind Viet Nam's national development, Minister of Planning and Investment Nguyen Chi Dung said recently.

The country lured US$19.54 billion in foreign direct investment (FDI) in January – August period, down 14 per cent year-on-year, a report by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown.

The EU-Việt Nam Free Trade Agreement (EVFTA) came into effect on August 1, becoming the most comprehensive trade agreement the European Union (EU) has concluded with a developing country in Asia.

Viet Nam attracted a total foreign direct investment (FDI) of US$19.54 billion by August 20, equaling 86.3 per cent compared to the same period last year.

The Ministry of Planning and Investment is now completing legal documents guiding the implementation of the commitments on public procurement in the EU-Vietnam Free Trade Agreement (EVFTA), which took effect this month, before submitting them to the government for approval.

This fifth event, “Breakthrough to Recovery and Green Development for a Peaceful Life”, aims to put forward measures promoting sustainable energy development, ensuring energy security, removing barriers, and bolstering green economy recovery and growth.

Instead of following a general recipe to attract foreign capital, enterprises and localities are advised to address more essential demands for social and industrial infrastructure and diversify their labour force to live up to the expectations of large-scale groups.

The Ministry of Finance has proposed amendments to the decree about casino businesses to create favourable conditions for investors.

The State Bank of Vietnam (SBV) has approved the official licence for intermediary payment service provider 9Pay.

Nguyen Hoai Thu’s attempts to get her baby to sleep at 9pm were going well, until she got a call from someone asking her to buy a house.

Employees are the lifeblood of any organisation. With technology advances entering the workplace, more people than ever are seeking out uniquely human elements in their work experience. By putting employee experience at the heart of the workplace, businesses can create an environment in which their people will gain a sense of purpose and remain motivated. 

German tape manufacturer Tesa plans to build a 55 million EUR (65 million USD) factory in Northern Vietnam in an effort to expand its production as from 2023, according to Germany’s Handelsblatt newspaper.

Vietnam’s mergers and acquisitions market continues to be a magnet for Southeast Asian buyers, especially those from Thailand and Singapore that are increasingly taking over local assets in the country. 

The Ha Noi Stock Exchange (HNX) has issued a new rule to run the corporate bond portal to publicise bond deals and give investors more news about the market.

Dr Burkhard Schrage, Senior Programme Manager of Management at RMIT’s School of Business & Management talked with Viet Nam News reporter about the work of equitising State-owned enterprises during the COVID-19 pandemic.

With the EU-Vietnam Free Trade Agreement coming into force, Vietnam’s investment and trade ties with the European Union are expected to receive a new boost. However, materialising these expectations depends largely on the success of the country’s efforts to accelerate regulatory reforms.

Public companies may receive a penalty of VND2-3 billion (US$87,120-130,700) for falsifying share listing and trading documents under a proposal from the Ministry of Finance.

The condotel market has faced a gloomy period due to low absorption rate while inventory has been on the rise, experts said.

Foreign investors are making new investments moves into Vietnam on the back of supporting policies and new rules. However, as some legal concerns remain, the development of the next steps still requires some preparation.

Viet Nam attracted US$3.15 billion worth of foreign direct investment (FDI) and capital for share purchases from July 1 to July 20, representing a rise of 79.8 per cent against the same period last year and 76.2 per cent against June, the latest updates of the Foreign Investment Agency showed.